Harmonic on Retracement Levels The big drop yesterday in Doge might have been a bearish impulse leg. Impulse legs start trends.
When we have a possible impulse leg we want to look for corrective patterns inside of the leg for ideal spots for high RR continuation.
Here we have a confluence of a harmonic and 76 retracement. Which could produce a strong sell signal.
Failure of these signals is often brutal. Usually works great or not at all. Stops are best kept tight.